Lockheed Martin Corporation $LMT Shares Sold by Ameriflex Group Inc.

Key Points

• Ameriflex Group Inc. has reduced its holdings in Lockheed Martin by 73.4%, now owning only 289 shares worth $132,000 as of the end of the most recent quarter.
• Several institutional investors have increased or initiated positions in Lockheed Martin, with 74.19% of the stock now owned by hedge funds and other institutions.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, exceeding analysts' expectations, and has set FY 2025 guidance at $21.700-22.000 EPS.

Ameriflex Group Inc. cut its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 73.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289 shares of the aerospace company's stock after selling 796 shares during the period. Ameriflex Group Inc.'s holdings in Lockheed Martin were worth $132,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter worth about $31,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter worth about $45,000. McIlrath & Eck LLC raised its stake in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares during the period. Finally, Dagco Inc. purchased a new position in Lockheed Martin during the first quarter worth about $50,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. UBS Group reduced their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of LMT opened at $504.69 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The firm's 50 day moving average price is $455.88 and its 200 day moving average price is $460.70. The company has a market cap of $117.82 billion, a P/E ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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